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FOX News
Jul 25, 2011 11:00pm EDT
ceiling extension. in other words no big deal. he's made a lot of demands here. i think the people in congress are willing to say we work together on a lot of things. let's work this out. and even maybe, if it ends up being a two-step process rather than all at once. >> and how does he save face if that happens? he doesn't want to say i lost public they got everything they wanted? >> we'll try to help him find a way to get off of the limb he's out on if that is what it takes. we've got to save money, not spending so much. extending the debt ceiling so our credit worthyness does not fall into question f you can't do it at once, then let's take it and bite-sized pieces where we can get the job done. this may take longer. >> thank you. >> thank you. >> and now the topic of the white house, what is going on behind the scenes there? is politics in the equation? sam, how is the white house doing in this? >> doing just slightly better than gone kon gres, not good at all. we know washington is broken for years, we're seeing duct tape and coat hangers holding it together are coming off, too
FOX News
Jul 26, 2011 2:00am EDT
barns is here and member of the gang of six joins us and says we need to do big thicks to solve this crisis. is speaker boehner's proposal big enough for him? what does he think of senator rere [ male annocer ] things seem better with travelocity's best price guarantee. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. >> greta: okay let's face it. default is bad. many describe it as catastrophic. this can scare investors and businesses around the world and we're all connected around the world. and the asian markets are open now and how are those markets react something peter barns joins us. >> asian markets are up now. >> greta: why? >> because did he the do not believe we're going to default or have a downgrade. u.s. stock markets don't, either z bond markets because if they did, if they thought there was going to be a default or a downgrade markets would be so much lower where they are n
FOX News
Jul 26, 2011 7:00pm EDT
and gloom for the market watchers. what's the truth here. >> traders for a long time figured this was no big deal a big oner. recently they started to take action pulling gold prices higher over $1,600 a troy ounce and a weak dollar means that oil prices are spiking higher almost to $100 a barrel. bar the door if we actually have a default then you could see the big impacts a big market sell-off spiking interest rates. >> shepard: default a much bigger deal than a downgrade. a lot of folks suggest a downgrade coming either way. >> a downgrade could come any time. very big impact on consumer interest rates, mortgage rates, small business loans. you name it, they become more exeivel if those interest rates move higher. also stocks could sell off not good news for your 401(k), shep. >> shepard: no doubt. gerri willis fox business news. her report 5:00 eastern time, 4:00 central on the fox business network jewels up the dial. one republican leader says president obama would rather give speeches about the debt crisis than find a solution. but the president's experts say he is the one actually tal
FOX News
Jul 29, 2011 8:00pm EDT
, of course, we know how things will go from there? >> laura: before we go to ed, tell us about this big balanced budget amendment added after all this tea party pressure. added this to the final boehner bill, passed with still a squeaker vote what does that actually mean. >> 6:30 tonight eastern time, the second boehner bill passed. it's really the thirds if you count cut, cap, and balance. this bill which was so unpalatable to his tea party pull it from consideration. consideration. by virtue of still the same bill two rounds of increasing the debt ceiling. so on. for the president to get round 2 of the extension to the debt ceiling, congress must have sent to the states for their ratification a balanced budget amendment. that requires in each chamber, the house and the senate, a two thirds vote. >> laura: they don't have two in other words of the house of representatives. >> the idea that they would ever see a two thirds voted for balanced budget amendment is folly. but this was what the tea party caucus demanded. >> laura: let's go to ed henry. ed is joining us now from the white hou
FOX News
Jul 29, 2011 4:00pm EDT
and that could seem like a big hit, but close to 97 points today, but obviously celebrated by day's end but with the losses here, we are battling reaction to not only no progress on talks in washington, but not much good news on the economy, in general, with more indications of that from a hot -- host of companies including merck laying off 13,000. and at 6:00 p.m. eastern, we are waiting for two hours when the house of representatives will take up the boehner measure. that is the measure that will include a balanced budget amendment to make it more palatable for conservative members who did not quite fine it their cup of tea. the tea partyers were not fond of it and even if john boehner gets the vote what happens after that? harry reid has all but said he will table it, and it is not going anywhere, and he has his own plan in the senate which will be introduced this weekend, which is not palatable to all of his members and may not make the 60 vote he needs and after the senate would not get any support in the house of representatives. so we are at loggerheads. reaction from republican
FOX News
Jul 29, 2011 11:00pm EDT
of the problem we face as a nation. i'm a big supporter of cut, cap and balance. we had a historic vote last week that i believe was one much the most powerful votes for a taxpayer and to move to a different position wasn't some where i could go. no, it wasn't difficult. >> greta: it had some wording about a balanced budget. that didn't satisfy you? >> that was after $900 billion released and credit extended as a nation. we were saying you can have 900 billion more dollars to spend but later we will consider a balanced budget amendment. my position is we need to discuss the reforms in place now today before we extend our credit limit any more. there were are cuts and savings. only $7 billion next year compared to $900 billion of credit being released and that is nothing. that is absolutely nothing. it is one fifth of one penny of what we spend each year is what we were going to say. >> greta: sitting on the house floor and you are voting no and speaker wants you you to vote yes on it. like bad vibes, you sort of want to get out the door? >> not really. >> greta: did you tell him yourself you were
FOX News
Jul 22, 2011 9:00am EDT
finally came out publicly with a bipartisan, big, tough plan, a framework for how to deal with our very real challenge with our record deficits and debt. it's my hope that the senate will consider cut, cap and be balance, defeat it and then put a responsible plan on the floor, one that shares the sacrifice across all the areas of our budget and that puts forward the kind of framework that everyone can support. bill: okay. on the cut, cap and balance, so you agree with harry reid that this is a waste of time on a balanced budget. why would a balanced budget amendment when polls show 72% of those surveyed favor it, why would you be opposed to that, senator? >> i don't speak for leader reid, obviously, but what i think the leader was suggesting was that with ten days left until we default on america's mortgage, we should be focusing on things that have a very real chance of passage in both houses and that can avoid the catastrophic consequences of defaulting on america's debt. i think leader reid and many of us in the senate are concerned that if we simply keep ping-ponging back and forth
FOX News
Jul 31, 2011 6:00am EDT
called worse. could we have a deal? welcome everyone, we're here on sunday because it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that bala
FOX News
Jul 27, 2011 10:00pm EDT
the debt limit. they he asked for big tax increases. we got rid of the tax increases. and now we go a bill that does what we said it should do. is it perfect? to. but it is a good step on spending cuts. is it as much as we proposed and passed? no. but it gets us down the right path. it cuts we can bank now and a step in the right direction. i think it is a good step in the right direction. >> greta: it has to get 217 votes. you've got a rowdy freshman crowd who ran on the promise of a balanced budget amendment. and the balanced budget amendment is not in the boehner bill. how do you get enough of them to get your 217 mark and have them face their voters? >> we are going to have a vote on the balance budget amendment. separate from the boehner bill. that was always the case. the second, cut, cap and balance had the bba separate from the bill. >> greta: balanced budget amendment. >> right, excuse me. we never had assurances we could get a vote on the balance budget amendment in the senate. what i never agreed with was the idea we would expect harry reid and nancy pelosi to deliver 40 to 15 v
FOX News
Jul 28, 2011 1:00pm EDT
on this planet as we know it today. that is a very big deal. chris stirewalt joins me, fox news digital politics editor, i should say. so, chris, how long do we have on the planet, life as we know it? what's your take? >> i'm not buying anymore green bananas. [laughter] it sounds like we're headed into real trouble, doesn't it? martha: it sure does. >> well, look, the speaker -- the former speaker, pelosi, now the minority leader in the house demonstrates that before you get to the end on something like this, everybody has to say something totally over the top, and now she's taking her turn. the truth of the matter is we're probably closer now to a deal and closer now to a bipartisan resolution than we ever have been because as house republicans start to saddle up behind john boehner's plan getting over their grumbling about the fact that it doesn't give them everything that they want, it brings us closer to the final vehicle which will get republican and democratic support in the senate and move us on to an increase in the debt ceiling and some kind of a deal. martha: yeah. you know, there are
FOX News
Jul 29, 2011 7:00pm EDT
is at the white house for us. first though mike emanuel is live on capitol hill. big question now. what changes, mike, did the speaker have to make to get the votes that he needed on this? >> harris, bottom line he put in a balanced budget amendment proposal that was the key for some conservative republicans who weren't quite comfortable with the speaker's plan. got him to the 218 votes necessary. but before the votes were cast, here is some of the speaker's passionate plea to his fellow republicans. >> this house has acted. it is time for the administration and time for our colleagues across the aisle put something on the table. tell us where you are. [cheers] >> and indeed that has been a rallying cry of republicans here on capitol hill. where is your plan, mr. president? where is your plan, senate democratic leadership? as for the senate democratic leadership what they don't like about it is the balanced budget amendment among other things but that is a key sticking point. take a listen. >> now the speaker has brought in the requirement to extend the debt ceiling we have to amend the constit
FOX News
Jul 25, 2011 6:00pm EDT
between himself and michele bachmann. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the straw poll bal
FOX News
Jul 26, 2011 4:00am EDT
need to be doing. we have this deadline looming. everybody agrees it would be a big mistake if we got to next tuesday and hadn't fixed this. in the best interests of the country, the american people we need to come together. it is going to require, in my view, a exitment on the part of democrats who -- a commitment on the part of democrats who so far have been unwilling to take on long term issues. >> greta: do you know of any democrat who said let's take on entitlements? >> i think most don't want to have that vote. >> greta: if you think entitlements a necessity, a strong structural change and the republicans say absolutely no, we are not going to vote for structural change that does put it at an impossible position, impasse. >> i think what this does, i don't like this honestly, we haven't passed a budget in 800 days. i think the american people look at this and say this is dysfunctional, broken. which is why we are talking this special commit think that would sit down. >> greta: we had the bowles simpson committee. the american people think fine, but you didn't pay attention to th
FOX News
Jul 31, 2011 6:00pm EDT
say the tea party could be a big winner here in -- >> there is bright lights that shown through. there is a case of hobitry. but there are people who are interested in governing and can get it done. one is ran paul in the senate. he and mitch mcconnel have been bad cop and battered cop pummeling hare reid making it clear they are not unreasonable. that created pressure for harry reid . in the house. allen west who are hardcore tea party, andine though they opposed the boehner deal gave him the yes vote he needed to get back in the negotiating ring. they are willing to be pragmatic to get it better for themselves. >> again, we don't know, if we don't know if it will come together yet. there is a lot of folks to be counted in the senate and house. you wrote many times that washington is the big loser. everybody is saying what is going on up there? but as far as others, besides this place, anyone stand out? >> believers in stimulus. believers in demand side economics. the columnist from the new york times, they took a bad beating in all of this because the president walked away fro
FOX News
Jul 27, 2011 11:00am EDT
scanners, that was big concern of people and also for some of the privacy advocates. jon? jon: yeah. and some of our chatters are wondering when this is going to hit the consumer market, you know, can i buy one of these things and scan anybody i want to? >> reporter: you know what, interesting? facebook is looking at it and google, also, to allow you to take a picture of someone and do an immediate google search to get any other information on them. so your chatters are up to speed, jon. jon: that is a brave new world. jamie colby, thank you. >> reporter: take care. jenna: breaking news of the day, and we have more big stories throughout the hour including a big rule anything the case of the former police sergeant who keeps losing wyomings. what -- wives. the case of drew peterson and how it could impact his murder trial. >>> also house speaker john boehner reworking his debt deal. this as the clock ticks closer to that default deadline. six days away, can a deal be struck in time? we'll go in depth just ahead.   you could save a bundle with geico's multi-policy discount. geic
FOX News
Jul 25, 2011 10:00pm EDT
it would be a big mistake if we got to next tuesday and hadn't fixed this. in the best interests of the country, the american people we need to come together. it is going to require, in my view, a exitment on the part of democrats who -- a commitment on the part of democrats who so far have been unwilling to take on long term issues. >> greta: do you know of any democrat who said let's take on entitlements? >> i think most don't want to have that vote. >> greta: if you think entitlements a necessity, a strong structural change and the republicans say absolutely no, we are not going to vote for structural change that does put it at an impossible position, impasse. >> i think what this does, i don't like this honestly, we haven't passed a budget in 800 days. i think the american people look at this and say this is dysfunctional, broken. which is why we are talking this special commit think that would sit down. >> greta: we had the bowles simpson committee. the american people think fine, but you didn't pay attention to the last one. >> this would have an up and down vote on recomme
FOX News
Jul 25, 2011 3:00pm EDT
to make a statement so big that it could not be misunderstood. finally, there was one warning sign that is coming out now. the intelligence officials in norway apparently saw a red flag when he ordered large amounts of chemicals from a company online from poland. it did put up that red flag. they checked into it. apparently did not think anything of it. there had been -- he been big lots of fertilizer, but he rented a farm and planned that well. so he got away with. >> shepard: greg burke, thank you. continued coverage of the stunning attack. we'll talk live with a former fbi agent who supervised the federal task force to capture the unabomber. what he says about how the gunman in this case carried out the massacre. and why it is so hard to stop this kind of terrorism. that's minutes away. >> first, washington, politics and the debt ceiling debate. they are at it again. it is almost all politics. there's a little more than a week left before the u.s. hits its borrowing limit the 2nd of august the u.s. will default on all of its loans. everyone has different ideas. politicians from
FOX News
Jul 25, 2011 4:00pm EDT
the important thing, no tax increases this is a big development in this budget story. [ talking over each other ] >> neil: you are making the assumption that there isn't an add-oncoming. you are right, the deal itself, [ talking over each other ] >> neil: don't jump the again. more than a trillion coming out of the wars. republicans have factored in that math as well. do you think given your point of view, that others will jump onboard of as the best thing out there? >> i think this is the basis for a deal. we have to jiggle the numbers, you are right. a lot of numbers in reid's budget proposal are phony. i think it is significant. weeks ago, harry reid put forward a budget with two trillion of tax increases, now he's at zero, that's a big deal. >> neil: we've been mentioning the markets and how they've held on. is that because they are factoring in a deal at the last minute or that they are okay, no matter what happens? >> i think the market has come to the perception we will have a deal. i think we are going to get a deal within 48 hours of august 2nd. if we don't get that deal before august
FOX News
Jul 24, 2011 4:00pm EDT
said he would like a big plan in terms of making substantial cuts to show we are serious about cutting the deficit. he would also like us to carry the nation through the 2012 election, but today the white house chief of staff was asked about the two-stage or two-tier plan. here is how he responded. >> if there are two steps fine, but do not of a step in the second part that lets the political system show us dysfunction. get this deficit ceiling put off perhaps after the election but more importantly putting that off and giving certainty and lifting the cloud of default is begin a serious discussion and action on the deficit. >> reporter: so the way things stand, there are conversations going on the hill and lawmakers on the hill. at this point it's not clear necessity can achieve a breakthrough. the stumbling block continues to be revenues or cutting tax loopholes, however you want to look at it. >> gregg: asian markets will be open shortly. market reaction to a deal or no deal. thank you very much. catch more of chris wallace interview with john boehner and he talked to the treasury-s
FOX News
Jul 31, 2011 4:00pm EDT
here. and big things to overcome. i'm neil cavuto and it's hot outside and heated inside. two sides are still at a logjam over the basic issues that have sprayed them from very beginning in this debt ceiling debate and whether we extend it and address some of the spending issues that are so inherent and important in this ongoing debate. here is the latest we can tell you. the progressive caucus, 75 members strong in the house of representatives, bernie sanders in the senate, saying that what they are talking about than the deal itself and dead set against approving any middle ground measure approved by republicans and democrats at this juncture. we have senate democrats meeting with this very latest impasse. white house says it's willing to extend the debt deadline by maybe a couple days if necessary if the two sides are close. as we stress, that is not a given right now. the first chance for stock markets comes from few hours, asians open few hours and middle eastern markets, they were find of nonplused by these developments. we have pennsylvania republican pat toomey and there is
FOX News
Jul 29, 2011 6:00pm EDT
. they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early last year. the government said today that gdp grew at just a 1.3% annual rate in the second quarter, well below expectations. but the shocker was a huge downward revision of the number for the first quarter. growth originally clocked in at 1.9%, but now the government says it grew at just .4 of a president. for the president, the numbers were too bad to ignore, even as he pressured republicans to cut a deal with him on the debt ceiling to help the econom >> on a day when we've been reminded how fragile the economy already is, this is one burden we can lift ourselves. we can end it with a simple vote. >> the administ
FOX News
Jul 31, 2011 2:00pm EDT
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FOX News
Jul 29, 2011 11:00am EDT
. consumers are certainly cutting back, sales of big ticket items like cars and appliances tumbling more than 4%, and that's really effecting our economic growth. we're going to be talking more about this throughout the show today. >>> so that's our first headline but one of many as we start off this friday morning. hi, everybody, i'm jenna lee. jon: and i'm jon scott. dramatic new developments in that debt standoff in washington, and we are all over them. president obama speaking just moments ago urging republicans and democrats to reach some kind of compromise. he's warning the u.s. will lose its top credit rating if it falls into an unprecedented default. jenna: and it could lose that rating anyway. that's something we've been hearing a lot this week, that despite some of the decisions made in d.c., we could still see a downgrade. now, the political standoff as we know it is escalating this hour. a senior gop official, a house aide, i should say, telling fox news that house republicans will pass their debt plan today. we thought that yesterday. we'll see if it happens today. a bill that se
FOX News
Jul 25, 2011 6:00am EDT
hikes as well. >> that's the big sacrifice? one of their big cuts is a trillion dollars out of the defense budget because they figured out that the iraq war is winding down so afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right there. here is something th
FOX News
Jul 26, 2011 9:00am EDT
money than you're taking in, you need to spend less of it. there's no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. bill: we've been talking about this issue for months, and we are down to that critical time. good morning, everybody, i'm bill hemmer. and a big welcome to jamie colby. jamie: you think we'll make it before august 2nd? how you feeling? bill: we'll see. jamie: we'll know more after the next two hours. absolutely. great to have you all here. harry reid and speaker boehner both have their own plans, presenting their own debt deals last night. boehner's plan cuts $3 trillion over the next ten years raising the debt limit by more than $2.5 trillion, and guess what? no tax hikes. bill: reid's plan includes more than $2.5 trillion in cuts over ten years raising the debt limit by $2.4 trillion and, also, no tax hikes. or as they like to call them in washington these days, revenue. stuart varney of fox business, good morning, my friend. how you doing? you're a financial man, what was your takeaway from
FOX News
Jul 29, 2011 9:00am EDT
. >> is this as big as wanted to go? heck, no. we ran and going bigger. but this is the only proposal on the table that accomplishes the goals we set out to do. martha: that defines what's going on. duffy says he will vote for the bill because he believes it's the best one out there. bill: if you were able to follow everything last night in the house. in the senate some conservative republicans are not supporting the deal boehner has on the table. kentucky senator ranlds paul talking with sean hannity ex -- nor rand paul explaining why he would vote against the boehner plan. >> it will add $7 billion to the debt. it doesn't change the course we are on. if we froze spending. if we didn't spend any more money next year than we spent this year. washington would count that as a $9.5 trillion cut. why? because we are going to add $9.5 trillion to the debt. when they tell you they are going to cut a trillion, it's from proposed increases in the debt. it isn't meaningful. bill: paul says there are perhaps as many as 14 republican senators who will vote no on the boehner debt deal fit makes it out of the
FOX News
Jul 29, 2011 9:00pm EDT
. they will try and get 60 votes on this. the big question is they need republicans and are they going to get enough republican votes when they slice and dice this thing to send it back to the house where there i assume they are going to get some republicans but mostly democrats? >> we'll have to see what it is. i have to tell you we have to do two things here. avoid default but avoid downgrade. the proposals on the table there haven't been enough spending cuts or as pat mentioned the balanced budget component is so pop to ge impoo get our fiscal house in order. >> and if we don't get ahold of the growth pattern we are going to be in trouble. senators thank you both for being so patient and for your insight. it will be a long weekend and we appreciate you being with us. tonight, karl rove on the breaking news. and frank luntz with pollswit numbers that show apparently the country is with theen's republicans and mitt romney isr up 8 points. plus support for bone and breast health. a great addition to my routine. [ female announcer ] one a day women's. check out huge savings during the bass pro
FOX News
Jul 27, 2011 6:00am EDT
. [ jack ] yeah, ts is pretty good. don't you have a big race today? don't worry, kevin, i've got it all covered. (cheering crowd) track announcer: and jamie mcmurray wins the brickyard 400. how'd we do? announcer: check out huge clearance savings at bass pro shops and our upcoming fall hunting classic. he was all like "oh no, i cannot do investing." next thing you know he's got a stunning portfolio. shhhh, you're welcome. [ male announcer ] e-trade. investing unleashed. >> all right. glad you're up. the debt ceiling deadline quickly approaching. we're less than one week away from possible default. so how will washington come together on a solution before tuesday's deadline? will they at all? former advisor to president bill clinton and author of "revolt" dick morris now joins us. dick, i know you have a lot to say about this and how this is all playing out. first off, as for the president, is this drama working for him? >> no. no, it's working against him. ultimately, whenever washington is a mess, it's the president that gets blamed for it. now, of course, republicans in congress get
FOX News
Jul 25, 2011 11:00am EDT
here. incredible this country is not that big, only 5 million people, so such a massive attack has really taken its toll. as someone was telling me this morning, everybody knows somebody, that knows somebody or is related to them. the kids in the camp were womaning from all over the country. finally, jenna, it's very sad in so much of these parts the judge saying after tharbg the hearing waafter that, the hearing was closed and but he came out and talked a little bit about it. he said he was not interested in the number of people he had to kill, he just wanted to make a statement. he certainly did that. jenna: certainly indeed and sad as you say, greg. more developments as we get them from norway, greg burke, thank you. jon: we still have debt deadlock on capitol hill with the default deadline just eight days away now. congressional leaders are still struggling to hammer out some kind of a deal, one that would raise the limit on our nation's credit card while cutting trillions of dollars in spending. house speaker john boehner may unveil his own bill today. harry reid said it would
FOX News
Jul 26, 2011 11:00am EDT
's no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. >> i'm asking you all to make your voice heard. if you want a balanced approach to reducing the deficit, let your member of congress know. >> reporter: enough people did, presumably supporters as well as opponents, that the speaker's web site crashed along with those of a couple of other republicans and at least one democrat. republicans say the president wants a long-term debt ceiling hike to keep it out of his re-election bid. democrats say the bond rating agencies want a long-term hike. a short-term one, they say, would risk a downgrade of this country's credit rating, and that would hike credit interest rates on everyone. jon: the overwhelming number of calls coming into senate offices are urging members to oppose the president's call for tax increases, so we'll see. wendall goler, thank you. jenna: for more on this developing story, we're joined by a congressman who says both sides are responsible for the mess we're in. congressman bill pascal of new jerse
FOX News
Jul 27, 2011 9:00am EDT
spending. alisyn: we have a big lineup on our show to talk about the debt. republican senator lindsey graham, and jim jordan, the head of the senate committee. we are asking you today about the debt debate. if the u.s. defaults are you worried it will be bad for your family or do you still don't see how it will impact you directly. go to our web site foxnews.com/americasnewsroom. bill: in 90 minutes we had 6,000 votes online yesterday. lines are open right now. what do you think? weigh on in. alisyn. that was new polls showing mitt romney leads the pack of announced presidential candidates. 27% support romney. but it dramatically closes if sarah palin, or rick perry or rudy giuliani are included. alisyn: there is new outrage over a decision not to cover healthcare benefits for 9/11 workers stricken with cancer. defenders of the move say there is little evidence that exposure to hazardous materials at ground zero caused the cancer. >> this is an insult to our intelligence' 53 funerals. 51 were because the person died of cancer. alisyn: rick leventhal is live in the news room. >> report
FOX News
Jul 25, 2011 1:00pm EDT
. there was a moment in time when president obama was talking about doing big things and being the guy and turnin turning this into a much needed win by a beleaguered president. we are seeing this fade away, we are seeing the administration give control of this discussion to capitol hill, just like with other things. martha: as you say, in previous confrontations when it came to healthcare, stimulus, all of that got pwubgd back to congress to work out the details. he looked like he wanted to be out in front of this. why do you think he changed his mind? >> reporter: it's really hard. being president is really hard but also doing a deal like this is really hard because the scope of what you're talking about isn't -- this isn't about money. we heard over the w weekend, or it's 400 billion on this or 800 billion on that, there is a chasm which exists between the republicans and the house, the conservatives from 2010 and president obama who is puerto rico the hreu ral wing of the democratic party and his victory in 2008. there is a rubber game that needs to be played here, that is the 2012 election a
FOX News
Jul 27, 2011 9:00pm EDT
it against big odds because he's got the bully pulpit in the white house. the democrats control the senate. but the house republicans are doing everything they can to steer this debate and we want in the senate, we want to have an opportunity to join them many we hope we will get that chance when the winner -- when the boehner plan comes our way. >> sean: thank you senators. michelle malkin is here. we'll get her reaction to senator reid accusing speaker boehner of caving to the tea party movement and the attacks again the tea party that took place in the "wall street journal" and the weekly standard, coming up. my doctor told me calcium is besabsorbed in small continuous amounts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. ♪ ♪ i like dat, all right [ male announcer ] mio. a revolutionary water enhancer. add a little...or a lot. for a drink that's just the way you like it. make it yours. make it mio. it's the cleanest, clearest water. we find the best, sw
FOX News
Jul 28, 2011 12:00am EDT
back down in the right direction. we are doing it against big odds because he's got the bully pulpit in the white house. the democrats control the senate. but the house republicans are doing everything they can to steer this debate and we want in the senate, we want to have an opportunity to join them many we hope we will get that chance when the winner -- when the boehner plan comes our way. >> sean: thank you senators. michelle malkin is here. we'll get her reaction to senator reid accusing speaker boehner of caving to the tea party movement and the attacks again the tea party that took place in the "wall street journal" and the wee [ male announcer ] to the 5:00 a.m. scholar. the two trains and a bus rider. the "i'll sleep when it's done" academic. for 80 years, we've been inspired by you. and we've been honored to walk with you to help you get where you want to be ♪ because your moment is now. let nothing stand in your way. learn more at keller.edu. it's the cleanest, clearest water. we find the best, sweetest crab for red lobster we can find. yeah! [ male announcer ] hurry in
FOX News
Jul 28, 2011 9:00pm EDT
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FOX News
Jul 30, 2011 6:00pm EDT
too committed to the european style of big government, that his policies have set in motion. to democrats in washington, the isn't to cut spending, but to raise taxes and keep on spending. democrats claim they would only target the privileged few, but behind the scenes, they argue for much broader tax increases. >> arthel: it looks like we may be hearing from senator reid very soon. in the meantime, the senate is expected to vote early sunday morning to cut off debate on its own debt ceiling plan. rick? >> rick: just as advertised, senator harry reid, the senate majority leader on the floor of the house right now. let's take a listen. >> republican leaders still refuse to negotiate in good faith. revenues off the calendar. no way we can talk about revenue s. entitlements, oh, their after entitlement, medicare, social security. the speaker and republican leaders should know saying it in front of television cameras doesn't make it so. republican leaders, says he's engaged. members of his caucus are, at least as far as i'm concerned, and my members are more engaged than he is.
FOX News
Jul 30, 2011 8:00pm EDT
the unfolding of the debt crisis deal. you know, the big difference between campaigning and governing is simple. in a campaign it is your message and platform 100 percent. you frame the entire message and drive the points that you think are important and ignore the things you don't about and understand. the result of the campaign you are elected, you have to shift gear to governing mode. that is like killing a deer in the wood and cooking it in the kitchen. tools that you use to kill the deer are . different than the ones you cook and serve it with. folks have campaigned but can't trannsition from the woods or kitchen n a campaign there is no recognition that the other candidates might have ideas that are better or at least more palatable than your own. it is political suicide to open a campaign debate by saying my opponent has a better idea on improving schools than i do. no, candidates have an answer and a plan to everything. if you don't, you still do. being a candidate is a practice scrimmage. governorship is where everyone is trying to win and no one wants to lose. no one holds the office
FOX News
Jul 29, 2011 1:00pm EDT
our treasury debt to anyone who wants it. that is the big question whether they will be able to do that. we're told at this meeting they explained the mechanics what would happen in the event of a shutdown. we are also told that they have been assured that there will not be a shutdown or that bondholders will not be honored, probably news of relief to them because they would be stuck holding bad paper, bad promises and that would just be bad period. so, the other details as to what we the public will get to know might be released from the treasury department itself after the market closes, even though that is not necessarily a sure thing. but in the event of a downgrade, all bets are off there. i will leave that off the table for the time-being. let's say we don't meet this deadline, allison, then you're faced with the possibility of the government having to get by on a lot less but not anything. in other words, money is still coming in. we still have taxes taken out of our paycheck and the government will be still getting into the vicinity of 170 to $172 billion each month. unfort
FOX News
Jul 30, 2011 4:00pm EDT
. that has been the big stumbling block because republicans we're not interested in lacing taxes, no way. it will be interesting to see how they get that back to make those trig teors get all the parties at the table. >> gregg: very busy saturday on capitol hill. >> heather: so the question is what happens if no debt deal is reached. many analysts say we don't know the true effects. it is uncharted territory. here are some possibilities. you will see higher interest rates and pay more immediately on credit card debt. home and car loan rates, those will rise. stock market could plunge costing you dealer. the u.s. dollar would almost certainly plummet on the world market raising the prices that we pay for imported products. we could see a state funding crisis as well if the federal government can't fork over aid to the states they will have to fund their massive budgets and federal funds for student loans would freeze, billions would not be paid. >> gregg: so critics are questioning where the president is in all of this. that was what speaker barren was sailing. president obama urged lawma
FOX News
Jul 28, 2011 11:00am EDT
: well, jon, this plans to be a very, very big day, indeed. one of our producers on the house side was just standing outside a republican caucus meeting, and one of the last things he heard was some voice, he doesn't know who, saying, all right, let's go out there and kick the blank out of them, that after speaker boehner admonished his caucus to get their as in line, rhyming with basses. beginning at 12:30 this afternoon, the first of debates and votes, the first on a rule itself. assuming that passes, it moves on to debate of the boehner bill. what are the chances of passage? we've got a graphic you should keep in mind as you watch the debate this afternoon. there are 240 republicans, boehner needs 217. he can only afford to lose 23, and if it passes the house, it's going to pass by a squeaky, close margin if it does at all. it faces a highly uncertain future in the senate, jon. jon: just for our viewers, well, from the senate what's the latest word? >> reporter: we've heard this so far, that 53 democratic senators have signed a pledge to vote against the boehner bill. here's sen
FOX News
Jul 19, 2011 1:00pm EDT
a picture for us about how a newspaper like the "news of the world" goes about reporting on such a big story, what the level of editor, deputy editor, the senior reporter would be in putting together and overseeing a story like that? >> i think any big story, but for the purpose of process, most stories start out with a reporter, and that reporter may be being asked by the news editors to go and investigate a story, or they may have brought information about a story from their own contacts to the news editor. it is at that stage in a newspaper where the reporter and news editor discuss the veracity of the information, go out and check the allegations, and come back with a more considered view. you can imagine that every newspaper gets a lot of information to the news desk, and only a percentage, very small percentage makes it actually to publication. so there are many layers from reporter, to assistant news editor, to news editor. finally, this story will go to the back bench which will be the people that will oversee that story and often talk to a reporter directly with questions and amendm
FOX News
Jul 26, 2011 4:00pm EDT
host has been a big proponent of the national sales tax idea. another buddy of mine has picked up that banner and has run to washington with it, which is good. the thing i'm a fan of is everyone having skin in the game. fan of fair tax, flatf[ tax. this idea that 42% of americans don't pay anything into the problems that president obama and the congress are grappling with now that is morally wrong. >> neil: 51% are eligible taxpaying families pay no income tax at all. having said that, my only fear is rather than a swap out they are an add on. >> that can be the problem that's happened in a lot of states. at the state level. they say we are going to do away with the sales tax and bring in an income tax. they tried to do that in tennessee where i lived and we pretty much stomped them into power and ran the politicians out on a rail that tried to do that. we would under with both rather than either or. on a federal level, as massive a move as that would be, it would have to be a complete shutdown of things as we nope it changes your personal residence, capital gains they go away. i
FOX News
Jul 27, 2011 1:00am EDT
was apparently overly optimistic about the cuts. that's a big problem. number two, he has 90 something new freshmen republicans who don't want to go along with him unless there's a balanced budget amendment in it. he has a rob lem internal lip. not -- he has a problem internally, so now what? >> he's got a problem internally because he didn't have to reinvent any wheel here. i do respect speaker boehner's effort trying to negotiate with joel low as he characterizes negotiating with president obama. the internal problem he has is reventing the wheel in the 11th hour when we had cut, cap and balance that passed the house. we don't need to retreat and wave the white flag because the senate is saying they won't allow a vote on cut, cap and balance. now we have to think up another plan. no, we didn't have to do that the cut, cap and balance plan is the right plan. because evidently, there are enough members of congress who are insisting the debt ceiling will be raised. i don't want to see it raises. they are saying it will be. if it going to be raised we better get something out of it. what we
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